Adeboye, Nurain Olawale and Badru, J. O. (2021) OPTIMIZATION CONCEPT AS A PANACEA TO PROFITABLE FOOD SUFFICIENCY IN A DEVELOPING ECONOMY. In: 5th National Conference of the School of Pure & Applied Sciences, 29 and 30th September, 2021, The Federal Polytechnic Ilaro, Ogun State, Nigeria.
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Abstract
In this research, a maximization model of the linear programming technique was employed to achieve the level of food sufficiency that can be attained at the minimum cost through optimum level of agricultural production. Four (4) different agricultural products namely Maize, Chicken, Fish and Water melon were considered subject to availability of information. The model results recommended the production of approximately 1 bag of maize, 3 units of chickens and 5 baskets of water melon to guarantee an optimum profit of #36,214.40. It was equally revealed that Fish production is a redundant activity of which its inputs and outputs need to be reviewed further. The twin benefits of the research results enhanced the economic power of the farmers and as well give directions on ways to achieve food sufficiency at the most profitable manner.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | Q Science > QA Mathematics |
| Divisions: | Faculty of Engineering, Science and Mathematics > School of Mathematics |
| Depositing User: | Mr Taiwo Egbeyemi |
| Date Deposited: | 08 Feb 2022 09:16 |
| Last Modified: | 08 Feb 2022 09:16 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/1822 |
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